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WHAT HAPPENED TO ECONOMIC COLLAPSE?

Original post made
by Collapse, Another Pleasanton neighborhood,
on Mar 23, 2013

I was talking with a close friend that just moved to Texas before the sequester took place. He was telling me that the world economy was going to collapse and basically America would turn into a free-for-all once the government shut down payments. Basically, it would be a time to get in your basement shelters and pull out the firepower to keep out the raging beasts. He pulled all of his money out of the stock market and told me that California may not be around after the sequester took place.

Okay ... that was then. Let's fast forward to now. Where is the economic collapse? The stock market is booming. Yes, there have been some government program cut-backs, but the sky didn't fall.

In my opinion, the sequester is good for government. It sends a signal that government is subject to "reality economics".

Incidentally, I don't think any part of the government should be exempt. Enforcement, military, shrink them all. I'm tired of my tax bill causing me high blood pressure.

Posted by Haven't you figured it out yet?
a resident of Another Pleasanton neighborhood
on Mar 23, 2013 at 9:13 am

If everyone is certain one thing is going to happen, that's exactly what is NOT going to happen. Who predicted the stock market crash in 2000, the housing bubble, etc.... The prediction of rampaging inflation that never happened. The media is manipulated to get you to believe and act one way so the 1% ers can take more of your money. That is why you should buy stocks when they are low and sell when they are high but most people do just the opposite.

Posted by Mr. Hammerhead
a resident of Another Pleasanton neighborhood
on Mar 23, 2013 at 11:35 am

Millions of impoverished kids are eating less, but thank god the economy hasn't collapsed. If the sequester has meant merely that more kids are going to bed hungry at night, heck, let's cut some more! My tax dollar is far more important to me than some poor kids who'll probably end up in jail anyway.

Posted by Maria
a resident of Another Pleasanton neighborhood
on Mar 25, 2013 at 10:01 am

Don't start waving the victory flag yet. People have the mistaken notion that the stock market is a real-time indicator of the rest of the economy. It astounds me that people put so much faith in an invisible, abstract market where tens of thousands of shares are being traded by computer algorithms in a matter of seconds. Remember the scare we got when the market dropped a few thousand points in a number of minutes, then rose back up later?

Jobs are still a huge problem, and one that's not being adequately addressed.

Doesn't anyone read, or understand what they are reading? The fed is printing money, interest rates are almost non existant, the real unemployment rate is somewhere between 13% and 15% and true cost of the new medical care landscape is only now starting to unfold. While Obama clearly overplayed his hand on the immediate impact sequester, the changes will be felt over time. Check out the article on government employment in today's Wall Street Journal.

Inflation, higher taxes and more central control is coming. There are not enough 1%'rs to tap, and too many 47%'s that need pandering. Take a look at Cypress, Spain Portugal and rest of the floundering European Union states, it may not all happen here but it could.

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